Neopost Acquires SPSI, an American Leader in Multi-Carrier Shipping Software
*Revenue of USD 10m in 2013
*Significant extension of Neopost’s shipping solutions global offering
*Strengthening the Neopost footprint in shipping solutions in the USA
PARIS -- May 23, 2014
Neopost (Paris:NEO), the number two worldwide supplier of mail solutions and a
major player in the fields of communications and shipping solutions, announced
that it has finalised the acquisition of SPSI, a leading American provider of
high-volume multi-carrier parcel shipping solutions.
SPSI ranks in the top 5 volume shipping software in the US. It sells, services
and supports several supply chain and logistics systems including ProShip® TMS
software. ProShip is the fastest performing software product on the market
today, capable of shipping millions of packages per day. SPSI’s customers are
large retailers, e-retailers, healthcare providers and 3PL’s. SPSI’s average
customer volume is 50K packages per day, with several customers shipping more
than 1 million a day.
SPSI enjoys strong relationships with the largest carriers, being certified by
FedEx, UPS, DHL, USPS, among others. SPSI was recognised as “partner of the
year” by FedEx in 2011, since then one of the four worldwide FedEx “elite
diamond compatible solutions”. Additionally, ProShip is the fastest growing
volume solution provider for UPS.
SPSI is based in Brookfield, WI, with offices in Chicago, IL, employing more
than 50 people. SPSI posted revenues of 10 million of US dollars in 2013,
growing at a double-digit rate versus 2012. SPSI has been renamed ProShip Inc.
in the Neopost Group.
Denis Thiery, Chairman and Chief Executive Officer of Neopost, commented:“We
are delighted to welcome the SPSI team to Neopost. The acquisition of SPSI is
another step in the expansion of our portfolio of fast-growing activities in
Communication & Shipping Solutions. SPSI provides recognised solutions that
significantly extend our current shipping offerings. This acquisition is a
unique opportunity for Neopost to enter the US high-volume shipping world –
the world of large retail, fulfilment and distribution centres, healthcare and
pharmaceutical companies. ProShip Inc. will be the cornerstone of our US
shipping strategy and will be our platform to market all our shipping
solutions notably mobility, tracking and tracing, RFID solutions and parcel
John Berg, Vice President of ProShip Inc., stated: "We are very pleased to
join Neopost and eager to be part of Neopost’s growth strategy in the parcel
industry in the US and abroad. We are looking forward to promoting other
shipping solutions developed by Neopost while accessing Neopost’s extensive
customer base to generate commercial synergies.”
First-quarter sales will be published on 27 May 2014 after market close.
NEOPOST IS THE EUROPEAN LEADER and the number two world-wide supplier of Mail
Solutions, as well as an increasingly significant player in the fields of
Communication and Shipping Solutions. As a specialist provider of mailroom
equipment, Neopost supplies the most technologically advanced solutions for
metering, folding/inserting and addressing, providing a full range of
services, including consultancy, maintenance and financing solutions. Neopost
is also progressively building a portfolio of new activities to enhance its
offering and support its clients’ needs in the fields of Customer
Communications Management, Data Quality and Logistics Solutions.
With a direct presence in 31 countries and 6,100 employees, Neopost posted
annual sales of €1.1 billion in 2013. Its products and services are sold in
more than 90 countries.
Neopost is listed in Compartment A of Euronext Paris and belongs notably to
the SBF 120 index.
For further information:
Gaële LE MEN, 01 45 36 31 39
Investor Relations Manager
Fabrice BARON, 01 53 32 61 27
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